Japan's Nidec agrees to pay $1.2b for Emerson drives, power

Japan's Nidec agrees to pay $1.2b for Emerson drives, power

Emerson Electric Company Canadian headquarters is shown in Markham February 7, 2012. REUTERS/Mike Cassese

Nidec Corp. agreed to pay $1.2 billion for the motors, drives and electric power generation business of Emerson Electric Co., adding customers in Europe and North America. The purchase is the Japan-based precision motor-maker’s largest.

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